I would never interested to hear your thoughts on UBI. In my mind it seems similar to Minimum Wage - which had seen as you described…incorrectly assuming that is what inexperienced new workers get. Now I am wondering if UBI is a variation of empowerment and if that ends up being an invisible hand that distorts the system. Thank you for all the mental floss!
Oh I'm not a fan, actually! I made two videos on my TikTok about it, I'll share to instagram now. But basically I think it is a marketing campaign to make people feel better about giving money to poor people and not calling it welfare. It doesn't get at the heart of a lot of economic problems that need specific solutions, not just some cash.
So, where is the money coming from to raise wages over inflation? Are corporate profits falling? Is it government deficit spending? Corporate borrowing? Is it coming from a drawdown in boomer savings/inheritance spending?
I would never interested to hear your thoughts on UBI. In my mind it seems similar to Minimum Wage - which had seen as you described…incorrectly assuming that is what inexperienced new workers get. Now I am wondering if UBI is a variation of empowerment and if that ends up being an invisible hand that distorts the system. Thank you for all the mental floss!
Oh I'm not a fan, actually! I made two videos on my TikTok about it, I'll share to instagram now. But basically I think it is a marketing campaign to make people feel better about giving money to poor people and not calling it welfare. It doesn't get at the heart of a lot of economic problems that need specific solutions, not just some cash.
*damn it Siri - would never = would be
So, where is the money coming from to raise wages over inflation? Are corporate profits falling? Is it government deficit spending? Corporate borrowing? Is it coming from a drawdown in boomer savings/inheritance spending?
It's labor taking home more income, outright.